In the past few years, mobile payment has been thriving in China. With the advent of the mobile Internet, shopping through the phone has gradually become a tendency. Youngsters aged 18 to 30 constitute the largest users group in the mobile payment market. Since mobile phone payment is very easy, many consumers prefer to pay by mobile phones rather than pay by cash and credit cards. To encourage people to buy more products, many stores give discounts to those who use mobile payment. According to the experts’ prediction, Chinese mobile payment market still has a great potential for development in the future.
